Tuesday, January 17, 2012
NAR affordability index in the south is now over 200.
In other words the median income is double what it needs to be to buy the median price home
In the early 80’ the index was about 68 which meant the median I income was a little more than half of what was needed to buy the median price house.
THIS IS THE BEST TIME TO BUY A HOME SINCE NAR HAS BEEN KEEPING RECORDS